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Source: ASB Bank ASB today reported a cash net profit after taxation (NPAT)[1] of $614 million for the six months ended 31 December 2020, a decrease of 1% on the prior comparative period. The result reflects the continued resilience of the New Zealand economy in the face of the ongoing impacts of COVID-19. Strong home and business lending growth was offset by reduced margins due to the low interest rate environment and increased operating costs reflecting ASB’s continued commitment to reinvest in its business. In announcing the result today, ASB Chief Executive Vittoria Shortt says she i...

NZD/USD Clears February Opening Range Amid Rebound Off of 50-Day SMA 2021-02-08 20:00:00 David Song, Strategist New Zealand Dollar Talking Points NZD/USDattempts to break out of the descending channel formation from earlier this year as it trades to a fresh monthly high (0.7233), and the pullback from the January high (0.7315) may turn out to be an exhaustion in the broader trend rather than a change in market behavior as key market themes remain in place. NZD/USD Clears February Opening Range Amid Rebound Off of 50-Day SMA ...

Source: ASB Bank ASB welcomes the release of the Climate Change Commission’s first draft advice to government which calls for ‘transformational and lasting’ change across society and the economy. Chief Executive Officer Vittoria Shortt says, “Banks have an important role to play in supporting the changes that need to occur if New Zealand is to enjoy a more sustainable future which is why, from next month, we will start offering discounted lending to customers taking positive steps to manage their emissions. “At ASB we recognise climate change as one of the most critic...

Press Release – ASB Bank ASB welcomes the release of the Climate Change Commissions first draft advice to government which calls for transformational and lasting change across society and the economy. Chief Executive Officer Vittoria Shortt says, Banks have an important … ASB welcomes the release of the Climate Change Commission’s first draft advice to government which calls for ‘transformational and lasting’ change across society and the economy. Chief Executive Officer Vittoria Shortt says, “Banks have an important role to play in supporting the changes that need to occur if Ne...

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. ASB offers discounted lending to help customers lower emissions 02 February 2021 Source: ASB ASB welcomes the release of the Climate Change Commission’s first draft advice to government which calls for ‘transformational and lasting’ change across society and the economy. Chief Executive Officer Vittoria Shortt says, “Banks have an important role to play in supporting the changes that need to occu...